Fed's Tarullo wants to get tougher on big banks

Janet Yellan

Federal Reserve Board Governor Daniel Tarullo argued Friday that financial-firm compliance enforcement hasn't been stiff enough and that tougher action on the part of the Fed and other regulators was likely needed.

RBS fined £50m for 2012 computer chaos

RBS branch sign

Royal Bank of Scotland is to be hit with £50m of fines on Thursday after the collapse its computer systems in 2012, which left millions of customers shut out of their accounts for several days.